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the terrifying prospect that one result of the bankruptcy of the city of detroit could be the thousands of potential personal bankruptcies caused by the slashing of retirees' pensions. a full discussion on that is coming up. all that plus i am absolutely geeking out a little bit over what i think is the coolest car ever. the tesla. i will tell you why it's so cool but also why it's so important. >>> but tonight we begin with a man who i believe is the most dangerous politician on the american right. in october 2007 i sat in the media gallery of the united states supreme court and watched the solicitor general of texas argue on behalf of the state that he should have the ability to put to death a mexican national, jose, who had been convicted of raping and murdering two teenage girls in houston. he won that argument and he was executed by texas on august 5th, 2008, despite the objections of the united nations and the international court of justice. at the time, i had no idea who this man arguing on behalf of texas was. but all i could think was holy crap, this guy is good. it was one of
of detroit starts the process of putting its priceless museum artwork up for auction. you wouldn't believe how much it could be worth. all those stories and much more coming up on the "kudlow report" right now. good evening, i'm larry kudlow. this is the "kudlow report." first up tonight, breaking news, jeff bezos paying $250 million for "the washington post" newspaper. a few days ago boston red sox owner john henry bought the "boston globe" for the bargain basement price of only $70 million. what is going on here? why will these foes succeed while others have failed. joining us is our own julia boorstin. why will they succeed where others have failed in. >> i think the question is how do you define success? one thing jeff bezos makes very clear in his letter about this and it was also in the press release is that he's not investing this just as a financial endeavor but he sees this as supporting journalism. he says "i understand the critical role the post plays in washington, d.c. and our nation and the post values will not change." he talks about the importance of the fact that the inter
about another terror plot that was foiled. what do new york city and detroit have in common? bankruptcy. all that is ahead. do you remember this little hot mic slip during the election. >> this is my last election. >> yeah. >> after my election, i have more flexibility. >> i will transmit this information. it is such a great line. and people thought at the time, it was a big scandal. people thought they knew what it meant. president obama was secretly telling dmitri medvedev to ignore all the election year politics, it's just politics. after that, the u.s. and russia could be great friends. maybe that wasn't it, maybe the flexibility he was speaking about was a great insult. a yo mama joke, perhaps, that would better explain what has happened since. relations are deteriorating at a very rapid pace. the president cancelled a planned meeting with russian president putin. the first time any american president has cancelled a publicly announced visit to russia since the end of the cold war. the white house explained the cancellation including, missile defense, and arms control, they cited r
has actually quietly just been won. it started right here on the banks of the detroit river in detroit, michigan, and yes, that is a giant nasty pile of something called pet coke. back in may "the new york times" highlighted what they described as a black mound of canadian oil waste rising over detroit. that oil waste is something called petroleum coke, a high sulfur, high carbon waste by-product of canadian oil sands. the petcoke that residents started spotting was put there by a company that owned it, a company call koch carbon, owned by the koch brothers. they started piling up all of this pet coke on banks of the detroit river before preparing to ship it off to other countries to be used as fuel. in addition to be a hideous eye sore, the pile also posed a potential health risk. we've got some video shot last month. look at this. look at that along the banks of the detroit river showing the black dust from the pet coke pile being kicked up in a storm that hit the area and just spreading everywhere. that black dust started blowing into nearby homes in detroit coming right through the
is the story with chicago? truly as bad as detroit or heading in that direction? >> economically not as bad a viable global city but their budget is a mess. $3 billion in taxes they collect, this year is the need to a $415 million for pensions and that is going to $1 billion in a year. this release the projection, that would be the third tax collection going in to pensions. this is something the state is mandating and they don't know how they can pay that. lori: you mentioned chicago economically in better shape. look at the baseball game where all those people to do a rod, more about that this afternoon but the underlying economy of chicago seems to have some growth potential. >> the economy there is okay and. nobody is really flying in this economy but here is the point, has not been economically declining of the way detroit is but their pension obligations are, their pension system is in worse shape than detroit's, detroit's system is considered an argument how well funded it is but they have four pension systems in chicago, one of them is only 25% funded and the other one is only 38% fu
attack on a flight that was going from amsterdam to detroit, and a president was vacationing in hawaii and it took him days to make an announcement about that? >> hang on. one at a time. listen, please, christie, we have to go one at a time, our audience wants to hear from both of you. let me go to the president today in phoenix, we repeated phony scandals, while we play this, think of four dead americans in benghazi, people that were targeted by the irs because of their political views, and ask you -- think of brian terry who lost his life. are these really phony scandals? here's the president again. >> unfortunately for the last year or so, we've had an endless parade of distractions and political posturing and phony scandals that shift focus away from what do we need to do to shore up middle class families and create ladders of opportunities for folks to get in the middle class. and as washington heads toward another budget debate, the stakes could not be higher. >> is that a phony scandal for those four people, five people, if you include brian terry? >> the majority of americans t
on "world news," we're just back from detroit tonight after sharing the road with some great american classics. and i couldn't help myself pointing out to everyone who was driving me. stay tuned for a wild ride, the choppers following our every move, our person of the week. a. new clean whipped creme foundation from covergirl. a delicious new recipe whipped up by clean makeup. they took their clean fresh foundation, added a dash of hydration, then whipped it to smooth matte perfection. finally, a non-drying whip that wears like a dream! ♪ ♪ what a treat from clean. new clean whipped creme from easy breezy beautiful covergirl. always go the extra mile.eme to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in c
are incorrect. next up, true or false, the city of detroit is holding an important election tomorrow for the top leadership of that great american city. is that true or is that false? that is false. the city of detroit is holding an election tomorrow but it is pointless because there is no democracy in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers get to run that city now, not the people who get elected. so tomorrow we'll go through the motions, more than a than a doz will be running in a primary to become detroit's next powerless figurehead mayor who can't do anything. the top two finishers regardless of party will move on to the general election in nov
that in a minute. talking about votes, though, today is the primary day in detroit. and your workers and members are under particular assault in this emergency management, and now bankruptcy in detroit. and detroit is being used as a symbol of attack by the right wing. let me show you -- let you hear rush limbaugh in an attack he has been making when he was talking to fox news about detroit last week. >> that town has been a petrie dish of everything the democratic party stands for. everything the democratic party loves. massive unions, massive pensions, pay people pensions and health care long after they've stopped working. the math doesn't add up. you have massive welfare states where citizens are given things left and right in order to buy their votes. >> limbaugh on the right going right after the people's pensions, right after workers rights. it is a real wall with working class people in detroit. >> it is. and i think that rush needs to be educated on the right of issues. let's deal with the fax. first of all, nobody is arguing about the fact that detroit is experiencing severe economic cr
a lawsuit in court. that is my guess. charles: take it away. not happy with the detroit bankruptcy filing. they need to speak up today or hold their peace. holding back financial aid to egypt. do we need to cut off all of the money going to that country? a raspberry instead of blackberry. the movie about steve jobs came in second at the box office over the weekend. listen to this. some wood off to lease themselves rather than till death do us part. ♪ connell: off to a good start. raspberry instead of apple. we have to rush to the news here. dagen: eckerd over the weekend. we have it all covered. connell: first the markets. last week was a rough week for stock markets. >> the dow was down 2.1% last week. the worst week for the dow and more than a year. they spoke in apple shares. it is kind of casting over the market a little bit. retail continues a little bit. they reported their numbers for the quarter. very convenient that dollar general got an upgrade today. that stock is up. dagen: deadline day today in detroit. connell: let's bring in jason riley. they are saying is detroit really
points lower than june. detroit emergency manager apologizing after calling some of the city residents those names. and the nfl hit with another concussion lawsuit. 83 former players led by pro-bowlers. they say they are suffering long-term effects from brain injuries sustained during their playing days. and we're watching the market this hour of "markets now." ♪ connell: those headlines show you there is a lot going on-9 today. we will get to the mess in egypt in just a moment, but first, our market today with the selloff, seeing the biggest decline in a couple of months. nicole petallides starts us off on the floor of the new york stock exchange. nicole: you are absolutely right. the lowest point, the biggest move to the downside since june 20. down about 1.5% right now. back on june 20 the dow dropped over 2%, this is the biggest moving percentage terms since that time. you have a couple of names that are weighing on the do dow jones industrial, better-than-expected economic news. walmart and kohls are two names we are following closely. as well as cisco systems. walmart higher p
would tell them to shut up. >> dna tests. >>> and shocking numbers out of detroit. >> 50,000 dogs run loose in the city. people move out, they leave their dogs behind. when it gets cold, they turn them loose. >> packs of stray dogs roaming the streets. the city too strapped to do anything. one neighborhood now called chihuahuaville. that's all new with the next hour of cnn "newsroom." >>> a college basketball player who already lost two family members now learns the ncaa won't let him on the court this season. we have the "bleacher report." good morning. >> he lost his father and brother in the last year so he decided to transfer from iowa state to rutgers to be closer to home but the ncaa says he has to sit out this season if he wants to play for the scarlet knights. another case of the wording of the rule getting in the way of doing what's right. you can get a hardship rule to play right away if you have a sick family member, but if a family member dies you're out of luck. he said i'll make the wise decision of staying off social networks today because if i express my feeling i migh
. >> how would you inspire and motivate and give opportunity to these inner cities, especially like detroit, where people simply don't have skills, they don't have opportunity. their schools are falling apart and sort of a growing, growing, growing. it's not getting better. how would you change that? >> probably, look, this is not a new problem. it's been going on for many, many decades in this country. we have cities that have been bad for years and years and they've done tax incentives, work programs and all sorts of things. nothing seems to happen. detroit is a very good example. i mean, detroit is a disaster area, there's no question about it. what happens, we'll have to see. perhaps you do the tax savings, perhaps you do tremendous incentives to businesses going into detroit and you instead of paying a big tax, which of course we're one of the most heavily taxed countries in the world, you don't pay tax. you pay very small taxes. you do something to get detroit and other cities like it. detroit is emblematic. you have many, many cities. i could name them but i don't want to embarrass p
, that will be the best one. that will be a fascinating interview. >>> detroit ace bankruptcy just last month made it the largest u.s. city to go bust but that will look like nothing if chicago goes under as well? really? so could the the windy city be e next detroit? jeff flock tells us why investors should be concerned. ♪ [ lighter flicking ] [ male announcer ] you've reached the age whe giving up isn't who you are. ♪ this is the age of knowing how to make things happen. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. l
. is chicago the next detroit? we raise this question before, why the problems plaguing the windy city could lead down the exact same road. ♪ with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer one pill each morning 24 hours. zero heartburn. do you min grabbing my phone and opening the capitaone purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it
, of course, his appeal. the biggest names on the list of 12, as you call it, jhonny peralta of the detroit tigers, that's big. the starting shortstop for the tigers. and, by the way, they are leading the a.l. central leader. nelson cruz, all-star player for the texas rangers. but everybody trumped by alex rodriguez, highest paid player in major league baseball, suspended for all of this year and next year. still owed $86 million by the yankees in the remainder of his contract, and what makes this story have a little more sizzle on this day, is the yankees are playing in chicago this evening. a. rod is expected to take the field for the yankees unless we hear otherwise this evening in chicago. we'll have more on this story for the remainder -- throughout the remainder of this program and the "closing bell" at 4:00. but let's get back to our discussion with the market guests, as we focus on this monday in august on wall street. again, josh brown was with us, as is rick santelli, kyle harrington, and anton bear from up capital. anton, to you, what do you make of where we are in the market? wh
. girardi gets the boot. >>> some good news for detroit, the tigers win 3 out of 5 from kansas city with their 6-3 win yesterday. detroit pitcher matt scherzer now the season's first 18-game winner. >>> screenerena williams in a r loss. victoria azarenka rallying to win a three-set squeaker. rafael nadal not phased by weather. johnny isner serves. he overcame a knee injury early, now nadal is an u.s. open favorite. >>> patrick reid gets his first-ever pga tour victory. what does he do? why not? kiss the caddie. right? it's also his wife by the way. >>> nascar sprint cup michigan 400. joey logano led the most laps but not at the end. he passes mark martin who was trying to stretch gas without a pit stop. didn't work. logano gets the win there because he ran out of gas, not loga logano, but martin did. >>> anything that floats reget that in key largo. boats may only be made of household the items. they're using bubble wrap, plastic coffee jugs. the winners said they found help for their design online. that's the winner right there. >> something else now to use your bubble wrap for. >>
to take advantage of that. today, the final day for organizations to file objections to detroit's bankruptcy filings. they must find that the city is insolvent and has negotiated in good place with creditors. if detroit is deemed eligible, it will be the biggest case in u.s. history. lori: in the meantime, president obama getting back to business. meeting with financial regulators about implementing dodd-frank peter barnes has the very latest. peter: that is just one of the latest things he has on his plate. very busy with things like egypt and syria. the president would like to keep the focus on jobs and the economy. foreign-policy issues may not let him do that. he goes on a two were later this week. congress is out on its regular august recess. he has a megaphone right now and he needs to use it while he can. >> every president in their second term, lame ducks get closer every day. the president is walking a fine line of where he is in that timeline. peter: the end of the fiscal year is september 30. they have not worked out a deal to fund the government. they are looking at
. in detroit -- what a show. >> it's where capitalism, pop culture, first amendment, politics all come together. sometimes there's a moment of clarity. that was that moment. >> i'm holding my script close to my face because i'm legal live blind and my contacts don't work right now. in detroit a police commander has mistakenly released a document -- >> oh, come on! come on! look at this. >> i'm going to the merger. go ahead. >> the police department has mistakenly released a document containing the bra size of several female officers in an of the to say who has received bullet-proof vests. come on. come on! >> now back to you. >> hello, san diego. >> hello, san diego. >> all right, we're going to -- >> i have to ask the question because i'm a journalist. >> are you? >> it's a vest. female vest. >> i regret all of this. >> i would like to go back to 6 a.m. east coast and rerack the tape. >> we also want to talk about possible fed choices and the obama care story. >> industry officials are surprised of the move that would prevent the creation of the world's largest airline. nbc's tom costello repo
and a few thought detroit was the exception think again, we are talking trillions of dollars of debt ended all comes down to public workers' pension. alex rodriguez will still take the field, he can think unions and collective bargaining and youth unemployment, don't worry, you can stay home with mom and dad. all that and more on a fresh hour of "varney and company". let's check the big board. we have been down 56 points. one of our big things today, the question is profits, can they keep pace with stock prices. liz: the bulls are seeing corporate earnings have to pick up steam for the market to charge even higher, we are looking on track for 4.7% growth in the second quarter and analysts expect 4.8% profit growth in the third quarter, ten.7 in the fourth. peaceably like we have seen in june, the june swoon the past three summers we see a juice. you can see a solution we are not seeing it yet, the market is up 1% for august. charles: i got to tell you so the audience knows, not manufacturing data from the service part of the economy which is obviously the overwhelming part, 56, the street
. in detroit, it's speak now or forever hold your peace. today is the deadline for written objections to detroit's bankruptcy filing. wdiv's rod maloney is in the motor city with what's on the line. rod, good to have you. >> reporter: thank you, maria. i'm glad to be here. you know, it's one of the things where tonight at midnight, anybody who objects to the bankruptcy filing by the city has to do that. so, in fact, this morning, a large group of detroiters got together out in front of the bankruptcy court here, from the national action network, reverend al sharpton organization, and they started out filling paperwork and submitted it to the bankruptcy court today. it showed up in the filing. along with them were a lot of other creditors looking to try and derail this process. and what many people don't understand about municipal bankruptcy is that you can't just file and then you are in bankruptcy. it is a qualification process. and so, what they're doing here is they're making their objections known to the judge, telling him that they don't think this is a right or constitutional pr
on a merger and our muni guys. in 7 1/2 minutes we'll talk to new jersey, illinois, and detroit. you don't want to miss this one. - tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550 it's really taken my trading to the next level. tdd#: 1-800-345-2550 i've also got a dedicated team of schwab trading specialists. tdd#: 1-800-345-2550 they helped me set up my platform the way i wanted, tdd#: 1-800-345-2550 from the comfort of my home. tdd#: 1-800-345-2550 and we talked about ideas and strategies, one on one! tdd#: 1-800-34
at the rise of twit we are the company's co-founder in just a couple minutes. >>> plus, is the detroit bankruptcy just the beginning? we'll take a look at state and local governments to see who might be the next bankruptcy and where it might be coming. is your city next? >>> first up, as we told you a few moments ago, the president cancelling a summit with vl vladimir putin over the treatment of edward snowden. eamon javers is live in washington with the latest. >> carl, just within the past few minutes or so, the white house has put out a statement saying that the president now that he's got some time to kill while he's over in europe is going to visit sweden which the white house calls a close friend and partner and obvious jab at russia. the white house saying this morning that the president is not going to participate in this planned summit with vladimir putin, the russian president. he is, however, going to go to the g-20, that's in st. petersburg, russia. he's not going to have that moscow meeting with put putin, however. among the reasons was the decision to give edward snowden
pleasure. lori: gerri willis will talk with bill emerson from detroit. he runs the long largest online mortgage lender. "the willis report," 6:00 and 9:00 p.m. adam: americans can't get enough of "sharknado." the campy movie is twitter sensation, so much so sci-fi launch ad contest to name the sequel. after 5000 title submissions, the winner is, are you ready for this? "sharknado" 2 the second one. look out shark fans, a storm is coming to your tv next summer. lori: can't put your finger on why, but that movie is an absolute sensation. adam: like the old american international films from the '60s that they used to run on tv, sci-fi films real low budget and made no sense and they make a gazillion dollars. with all the sharks and agents in los angeles, you would think sharks would be out there. lori: there was a shark on the subway in new york. that was little scary. adam: picture of kids found it on the beach and took it on the n train i think. lori: absolutely. more on "sharknado." when sleeping on the job might be a good thing. a company that has employees living and working together
games in the ongoing investigation, and among those, texas rangers right fielder cruz, detroit shortstop, and still no word on yankee's star alex rodriguez. adam: embassies authorized to open by the state department after they were closed sunday because of a threat from al-qaeda. nineteen posts, however, remain closed as a result of what the state department calls an exercise of caution. back in the united states, no suggestion that new york city faces a direct threat. the nypd made no changes, even as the department of homeland security beefs up its presence at airports and train stations. fox news middle east and terrorism analyst joining us with the latest development. i got to let you know, i'm going to bring something into the discussion, you know, the price of oil is actually falling right now, indicating that at least investors don't seem as concerned as the u.s. government. is this a false alarm? i mean, we have members of congress saying it was a cred l -- credible threat. >> look, the financial world is always concerned about the financial root, the financial structures, so if
-americans and latinos is expanding. our own reports that detroit of all places is bringing in the that someone would try to enter into my home without my permission. when i arrived at the residence, to my surprise, the officers had already received a call from adt and had gotten there and apprehended the suspect. knowing later that this intruder had a knife -- it just made me think of how lucky i was to have adt. [ male announcer ] when it's your family, trust adt fast response monitoring to help protect against burglary, fire, and high levels of carbon monoxide. when seconds count, the experience of adt matters. now get adt starting at just $99 with 24/7 protection just over $1 a day, plus a money-back guarantee. manage your home remotely with adt pulse. even keep an eye on your kids. the person who took the call from adt saved my home, my possessions, and he might have saved my life. [ male announcer ] get adt for as little as $99 and save a lot more than money. call or click today. >>> new york city's controversial stop and frisk program ruled unconstitutional a little over a week ago for violating t
, they tried to blow up a transatlantic jet that was descending into detroit. so, you know, it's very difficult to figure out exactly where to defend. and so therefore, you have this very to some degree vague warning out there saying that people should be vigilant and at the same time, you know, don't change your behavior significantly. >> you were talking about the sort of yemen connection. you know, i think it's a bit confuing when you hear the attacks are attributed to al qaeda. you have al zawahiri. what can you tell us about the relationship between these two men? >> well, i think it's interesting this communication took place between them. we hear a lot about how al qaeda in the arabian peninsula is the sort of -- the affiliate that -- the only affiliate that can do anything anymore and al qaeda in pakistan are to some degree marginalized and he's spending so much time in hiding he can't help run a global organization. this shows the two are in communication and zawahiri has some influence over them. wuhishi was an aide to bin laden and in many ways ascended the ranks because of bin laden
's creating a lot of buying opportunities. >> texas isn't detroit. but does detroit have any impact on what was happening with that muni bond? >> i think it is, it is scarying investors. it's very tough to be a retail investor in a lot of these markets right now. because you don't have the visibility. you mentioned the detroit situation. that's going to be interesting. the thing that's going on in california also, there is a lot of things set about who has priority in these cases. >> are you talking specifically the town considering taking back through em90 domain? >> that's not really what i'm talking about. it's more about the fight between the pensioners and the hoerlsd and the rest of the players in these situations. >> it could happen on a federal level. you are talking a 30-year bond. it's a long time to hold out. >> definitely. at 10%. that's a crazy number. so my.is the that any sort of normalization of these markets will see those, a nice inflation and total return in a i'm in like that. so we like those things. there are more and more of those popping up on our radar screen every
's here from detroit and to the kirby couch. >> good morning. i'm about maybe two hours on the other side of michigan. people think when you're in michigan all they know is detroit. kalamazoo battle creek. no, you're from detroit. like new york. people don't know about upstate new york and those places. >> glad you straightened this out. >> in my hometown, i didn't say it, man. >> we don't want the back you up. what was the time off like? >> i did movies and tv they thought i quit doing comedy. i worked every weekend since '83. >> that's right. tomorrow, you're working one night only. >> one night only in the movie theaters. my latest special from detroit is "make me want to holler." the world is so crazy, all you can do is scream and laugh because you can't get too crazy about this stuff because you lose your mind. >> detroit is back in the news and decided their best bet is to go bankrupt. said this is our best move. what does it feel like to have that happen? do you think it's a good move? >> my hometown also got taken over by the government. people have to separate. people of detroit
want to go to detroit. they have blocks and blocks of foreclosed homes and four years ago where u.n. failed an idea where you said we could create jobs by paying people to bulldoze houses like this and four years later they have not done it but now detroit is talking about doing this. >> thank goodness it is a shame we did not do it for years ago when we were really in the pits in recent of tired people directly off the unemployment roll electricians are carpenters to go in to do something important. not just turning down the refuse of places of drug addicts a and bad urban blight but we could have put those properties back on the tax roll at the same time we create real jobs. i beg the administration and to do it not even a blank. nothing. nothing at all. it was a good idea it still is a good idea to take interest to restore our country to where they can be proud of the neighborhoods. liz: is there another guitry tidying? chicago is not the next eight troy but some people say there are some cities. >> there are some that have some of the same problems mostly unfunded pension obli
detroit your city -- company is fond of the city you have a bright shiny new buildings so what does detroit we do to make it out of the bankruptcy? >> there's been a lot of great things happening and we have been involved with that over the last two or three years to invest in the city. private investment is that the all-time high. that is certainly difficult but it is long overdue that this happened so we have to address the problems of this city in the bankruptcy is difficult but it is giving us the opportunity to deal with legacy issues to come out the other side. we have to get through the bankruptcy process and that will take time but as we look at this we're bullish on the straight that they have great balance and great infrastructure to have our renaissance like it deserves gerri: great's information we appreciate you coming on. , back. >> my pleasure. i am happy to come back. gerri: a lot still to come how to turn your part-time job into full-time and the they are sending your kid to college but what about loans for day care? i am not kidding. we will talk about it. next. if
to look at a monitor, let's put one in chicago, in detroit. if we had detroit's murder rate, we'd have 4,000 extra people killed last year. >> you're doing the things that defenders of stop and risk always do. >> it's effective. >> to talk about the effectiveness. one is we have seen declines in the murder rate across cities, across the country. san diego, new orleans, los angeles. in some cities bigger than new york. second of all, we've seen a decline in the murder rate that dropped off the cliff in the ten years before bloomberg more than has it has dropped since mayor bloomberg. third of all, what is your story for the causal connection between stop and frisk and the decline in the murder rate? >> well, i have law enforcement experience. i'm a public safety expert, so to speak. and there aren't many people in law enforcement who will tell you that stop and frisk is not a very, very effective tool. and what this judge said today, by the way, was not that stop and frisk is unconstitutional at all. she actually said, i'm not calling for an end to stop and frisk, i'm not looking for the
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